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20130113
20130121
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CNNW 2
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CNN
Jan 13, 2013 10:00am PST
comical and it seems ridiculous. >> bruce, you suggest an alternate strategy which is one bill clinton has talked about and colombia law professors do. which is the president should essentially say, i have the implicit authority to raise the debt ceiling without congress, correct? >> that's right. of course, i'm not a legal scholar, but i do oppose the existence of the debt limit. i even testified before the senate finance committee that we should get rid of it. i think it's a dreadful left over from ancient history that simply creates opportunities for hostage taking by congress, such as the one we're facing right now and our foreign policy, we don't negotiate with hostage takers for a very good reason and i think that we need to get rid of this debt limit. but i'm perfectly willing to go along with the trillion dollar coin, if that's what's necessary to prevent this hostage from being taken. >> so, jeff, take us through the constitutional argument here because the, as i understand it, the point would be the president would say to congress, by choosing to set taxes at a certain level and
Search Results 0 to 1 of about 2 (some duplicates have been removed)